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You invested $8000 of your own money and borrowed $8000 from your broker to purchase shares of a company trading at a share price of
You invested $8000 of your own money and borrowed $8000 from your broker to purchase shares of a company trading at a share price of $2. You paid 10% interest on your borrowed money for one year. You sold the stock one year later for $1.32. How much money in total did you lose on this transaction including the interest you paid?
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
